ASM Global extends contract to operate ICC Sydney for another decade

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ASM Global has been contracted to operate International Convention Centre Sydney (ICC Sydney) for a further 10 years.

ASM Global has been operating the ICC Sydney since it launched in 2016, with the extension secured after delivering a report outlining its success in delivering extraordinary results for the Darling Harbour Live consortium and NSW Government.

With a target to deliver $5 billion in economic benefit over the 25-year period of the Public Private Partnership at ICC Sydney, through the delivery of 3,665 core events, 6.4 million attendees have spent $3.9 billion in the local economy in just under seven years of operation.

ASM Global (APAC) Chairman and Chief Executive Harvey Lister said he is proud of the achievements of ICC Sydney’s management team.

“From the beginning, ASM Global’s bold aspiration was for ICC Sydney to be one of our signature convention, exhibition and entertainment centres,” he said.

“It is gratifying to see how ASM Global’s venue management framework has helped ICC Sydney drive economic contribution, exceeding the initial $3.4 billion investment into the transformation of Darling Harbour.

“Despite the three Covid-19 pandemic impacted years, it is already closing in on the NSW Government’s target for the team to deliver $5 billion in economic benefit over the 25-year period of the Public Private Partnership.”

ASM Global’s ICC Sydney management team opened the venue in December 2016 with more than 500 events confirmed, and has since welcomed 500,000 international, 1.46 million interstate and 4.42 million local event attendees through its doors.

Throughout the period, ICC Sydney has maintained an average 98 per cent client satisfaction rating and 97 per cent delegate satisfaction rating (as measured by EY Sweeney) and has strong relationships with Business Events Sydney and other destination marketing organisations such as Destination NSW and Tourism Australia.

Geoff Donaghy, ICC Sydney CEO and Group Director – Convention Centres, ASM Global (APAC), said that the far-reaching financial benefits have also run deeply through the venue’s long supply chain as well through to regional NSW food and wine producers, creative arts and community partners.

“ICC Sydney’s mission continues to be to make a difference for greater Sydney and NSW residents, visitors and businesses and our extensive calendar of events has already contributed to 7.22 million hotel room nights and the creation of 21,395 jobs in the local economy,” he said.

“The venue has also spent $370 million with local suppliers, including $65 million spent directly with NSW food and beverage suppliers.”

The venue team’s outlook includes 1,126 events already in the calendar to 2034 which will draw an estimated 4.7 million attendees.